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Pliant, Nova Roll Form JV

July 10, 2008

Partnership to make specialty films for Russia, CIS countries.

Pliant Corporation and Russia’s Nova Roll form a joint venture, headquartered in Moscow, to produce world-class film and packaging solutions including PVC film, machine grade stretch film, hand wrap stretch film, printed shrink bundling film, food sealant film and barrier film. Products will be sold in Russia and CIS countries through Pack and Service, and in the rest of Europe through Pliant GmbH.

Vjacheslav Astashin, President and CEO of Nova Roll said, “Our businesses continue to grow rapidly in Russia and the CIS. Partnering with Pliant, a global packaging leader, further accelerates our business plans and expands our product portfolio. Both Pliant and Nova Roll have begun the implementation of this joint venture in Moscow and have created the working group.”

Harold Bevis, President and CEO of Pliant said, “The combination of our technologies and manufacturing know-how with the prestige and local commercial relationships of Nova Roll will allow us to become a market leader for these products in Russia, CIS and surrounding countries. This announcement is the culmination of several years of relationship building and market development. The Russian market for packaging is large and growing and our mutual goal is market leadership. We are proud to be aligned with the Nova Roll team.”

Nova Roll is the largest producer of adhesive tapes, stretch film and different types of bags in Russia with sales in excess of $83 million.  On a production area of 150,000 square feet, Nova Roll operates five blown and two cast extrusion lines, nine flexographic printing presses, seven slitters, three coating lines and 18 bag machines. Nova Roll employs 430 people.
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